Median compensation for primary care physicians in 2017 was $257,000, up 10.6% since 2013, when median compensation was $233,000. During the same period, median compensation for psychiatrists rose about 16% from $227,000 to $265,000. Compensation for this comparison includes total wages, bonuses, life insurance, 401K, and pre-taxed employee contributions. It does not include fringe benefits paid by the medical practice, expense reimbursements, flex spending accounts, health insurance, or employer contributions.
These statistics were provided by Medical Group Management Association (MGMA) from its 2018 “MGMA DataDive Provider Compensation” report. The report is based on comparative . . .